Markham is a diverse, thriving city located in the York Region. It is considered a melting pot of cultures and an innovative high-tech business centre. With its charming historic neighbourhoods, famous events, recreational facilities, and first-class amenities, Markham highly appeals to singles and newlyweds. Also a friendly city for families, Markham provides homebuyers with open green spaces and parks, a progressive school board offering tons of great schooling options, and unique urban and suburban communities with some of the best homes for sale in Ontario. Discover more about everything Markham has to offer by reading below.
More About Markham ON Real Estate
Markham is about 40 minutes northeast of Toronto’s financial core, covers an area of 212 square kilometres (82 sq. mi), and has a population of over 350,000 people. It is the largest city in the Regional Municipality of York and the fourth-largest in the Greater Toronto Area (GTA). Markham is close to other major suburbs outside Toronto, including Richmond Hill, Vaughn, and Pickering.
Markham ON Real Estate Market
Its growing economy, top-performing schools, appealing amenities, and overall quality of life have flooded Markham with homebuyers looking to find their ideal property in the city’s booming real estate market. That high demand and a limited supply have set Markham real estate current prices. The average price for a home in the city is around $1.4M. higher price tag on the homes for sale in Markham. The average price for a home in the city is around $1.4M.
In Markham, single detached homes with three or more bedrooms shape 60% of the housing stock. The alternatives are condo buildings and townhouses. The majority of the dwellings in this area were constructed between the ’60 and ’80s, but about 45% were built after the 2000s.
Over 89% of the existing real estate in Markham is owned, but new developments are constantly popping up around town. In 2020, the city added 1,170 new residential units offering buyers a wide array of choices, from single-family detached and semi-detached homes to townhouses and modern high-rise condos.
Markham Average Property Prices
- Average home price: $1.4M
- Average condo price: $736,000
- Average townhouse price: $1M
Looking to make Markham your home? The city comprises 32 unique neighbourhoods that can accommodate any homeowner’s needs and wants. Keep reading to learn more about some of the best communities in town:
Downtown Markham: If you dream about living in a 243-acre urban centre, close to work, with a desirable mix of amenities, 24-hour entertainment alternatives, and surrounded by street art, this is the place for you! As expected, modern newly-constructed condos are the main dwelling option in this neighbourhood.
Greensborough: Simple living and walkable, this neighbourhood is really easy to get around and provides residents with expansive public parks and spaces, lakes, tourist attractions, and recreational venues. Especially attractive to families, Greensborough is safe, calm, and has good schools nearby.
Cornell: The homes for sale in Cornell are mostly Victorian-style with charming design details and spacious front porches. The area is relatively new and is surrounded by the Rouge River Valley, offering plenty of trails among natural beauty. Cornell has excellent schools and easy access to amenities like shopping areas, fitness centres, indoor playgrounds, pools, libraries, community programs, and more.
Aurora Groove: Located east of Downtown Markham and intersected by the beautiful green corridor of Sheppard’s Bush Conservation Area, Aurora Grove is a peaceful, well-connected neighbourhood with Neo Colonial-style homes for sale, most of them built between the ‘70s and ‘90s. Amenities include recreational facilities, shopping centres, and excellent schools.
Devil’s Elbow: Closer to well-kept parks, private and Montessori schools and daycares, and high-end amenities, this stunning, upscale area is known for only having detached homes, most of them two-storey or bungalows. The houses for sale in Devil’s Elbow have 5+ bedrooms, double or triple garages and sit in spacious lots of at least 3,000 square feet.
Families relocating to Markham have plenty of high-quality schooling options to enroll their kids. Markham boasts 71 elementary schools and 15 high schools serving 122,000 students across the city neighbourhoods. That includes public, Catholic, French Immersion, and private schools. The York Region District School Board, the third-largest one in the GTA, handles the secular public schools in town, while the York Region District Catholic School Board is in charge of the Catholic schools. Several academic institutions in the city consistently rank among the top 100 schools in Ontario. Here is a brief list of some of Markham’s best schools:
Stonebridge Public School
Highlight: Their active student government and the parent and community engagement.
Coledale Public School
Highlight: Strong academic program with a focus on student leadership.
Castlemore Public School
Highlights: Pathway programs to meet each student’s needs, interests, and learning paces. A wide range of special education programs and services.
William Berczy Public School
Highlight: The School Improvement Plan for Student Achievement (SIPSA)
Bayview Fairways Public School
Highlight: Comprehensive before and after-school childcare programs.
Markville High School
Highlight: Several extra and co-curricular opportunities through various clubs, sports and organizations.
Unionville High School
Highlight: It’s home to a well-known enriched arts program, Arts Unionville.
Bur Oak High School
Highlight: Consistent academic solid performance. It has a unique four-year core French program focused on global French culture.
Father Michael McGivney Catholic Academy
Highlight: Fully authorized International Baccalaureate World School offering the Diploma Program.
Markham Real Estate FAQs
What is the postal code for Markham?
These are some of Markham’s postal codes organized by area:
- Markham Central: L3P
- Markham East: L6B
- Markham Inner Southwest: L6G
- Markham Northeast: L6E
- Markham Northwest: L6C
- Markham Outer Southwest: L3R
- Markham Southeast: L3S
Where is the nearest commercial airport in Markham?
The Toronto Pearson International Airport is about 25 minutes away from Markham.
How Far is Toronto From Markham?
Toronto is about 31 kilometers away from Markham, about a 40-minute commute.
Is Markham a Suburb of Toronto?
Yes. Markham and its communities have been a recognized suburb of Toronto since the 1980s.
What is The Average House Price in Markham, Ontario?
Currently, Markham’s average home price is about $1.4M.
Living In Markham, Ontario
Dynamic, safe, environmentally conscious, and economically strong, Markham makes a great spot to put down roots not far from Toronto’s core. Here are some additional benefits of becoming a Markham resident:
- Markham is an eclectic place where tradition meets modernity, from the glass skyscrapers of the city’s progressive Downtown area to the heritage 19th-century homes in historic neighbourhoods like Unionville.
- Markham has a Greenprint Sustainability Plan that promotes environmental health and a more sustainable community through several strategies. Among the many accomplishments, the city has the greatest recycling rate in the GTA.
- Like Toronto, Markham has a typical humid continental climate with an average temperature of 46°F. Summers are warm, and winters are freezing and snowy. Rainfall is also significant in the city.
- Markham has a gently hilly topography, and it’s traversed by The Rouge River and the Don River. This creates several heavily forested areas throughout the city that are worth exploring.
- Markham is home to over 260 parks and an interconnected system of pathways and trails of about 193.8 km for locals to enjoy the outdoors actively. Additionally, the city offers several recreational venues, including eight public libraries, 36 community and cultural centres and facilities, eight golf courses, and ten ice rinks.
- Markham residents access medical treatment through the expanded Markham Stouffville Hospital (329 beds) and other healthcare facilities like the Shouldice Hernia Centre (89 beds).
- Markham has four heritage districts: Thornhill, Markham Village, Buttonville, and Unionville. The city takes the conservation of these districts very seriously, protecting them against new developments, demolition, and inappropriate alterations.
- Markham maintains some of the lowest tax rates in the GTA: 0.63% property, 1.53% commercial and 1.76% industrial.
Markham’s expansive business base and highly-skilled workforce have created a solid, flourishing economy that derives an outstanding quality of life. Home to over 10,840 companies, Markham continues to attract direct investment, both domestic and foreign, targeting businesses in sectors such as Information and Communication Technology (ICT), financial services, design and engineering, and cultural industries. As Canada’s second-largest tech hub, Markham leads in innovation. Over 1,500 technology and life science companies are headquartered in town, including IBM, AMD, GM Canadian Technical Centre, GE Grid IQ Innovation Centre, Huawei Technologies, Lenovo, Toshiba, and Qualcomm. This sector employs a fifth of Markham’s labour force. The top five employers in Markham are:
- IBM Canada LTD.
- TD Financial Group
- City of Markham
- Aviva Canada
- Markham Stouffville Hospital
Markham residents find the city to be pretty car-dependent. Most of the homes for sale in Markham are located close to major roads and highways, including Hwy 7, Hwy 48 (known as Markham Road), Hwy 404, which takes commuters to Downtown Toronto in a breeze, and Hwy 407, a toll route for those heading east or west. Public transit alternatives in town are the York Region TTC, 50 local bus lines, and the GO transit system serving through Markham Station, Centennial Station, and Unionville Station. Additional means of transportation in Markham are taxi companies and car rental agencies, and bicycling using the 400 kilometres of bike paths. For air travelling, locals can use the services of the Toronto Pearson International Airport.
Distance to Major Cities
- 22 Kilometres to Toronto, ON
- 34 Kilometres to Oshawa, ON
- 45 Kilometres to Mississauga, ON
- 83 Kilometres to Hamilton, ON
- 331 Kilometres to Ottawa, ON
Things To Do In Markham Ontario
Markham, Ontario, is a city that has something for everyone. Whether you are looking for outdoor adventures or indoor attractions, you will find it all here! Keep reading for a quick list of fun things to do once you relocate to the city:
Milne Dam Conservation Park
Milne Dam Conservation Park provides Markham families with a 305-acre forested area right in the middle of a bustling city. The giant park has scenic trails to walk or jog, plenty of picnic spots to enjoy lunch al fresco, birding opportunities, and fishing in the Rouge River. The park also comprises a dam and various bridges.
The Markham Fair
Held yearly on the weekend before the Canadian Thanksgiving, The Markham Fair is one of the most significant and beloved events in town. The fair has been entertaining locals since 1844, which makes it one of the oldest country fairs in Canada. Fairgoers enjoy the traditional fair rides and foods, gymnastics demonstrations, sheep-shearing competitions, cooking shows, and more.
Toogood Pond Park
With 33 hectares (81.5 acres) of stunning green spaces and a lovely pond filled with geese and ducks, Toogood Pond Park is great for a reflective stroll, a power hike or a relaxed picnic among nature in the heart of Unionville. Birdwatching and fishing are additional activities families can enjoy here and skate during winter.
Frederick Horsman Varley Art Gallery
The Varley Art Gallery of Markham is a key cultural centre for artists and communities in the city. It offers visitors Canadian-art-focused exhibitions and comprehensive public and educational programs to engage local and national audiences with art.
Taste of Asia Festival
The Taste of Asia Festival is Canada’s largest Asian festival, and it’s been taking place in Markham for 18 years. Named one of Ontario’s top festivals, this event celebrates the rich culture, traditions, artistic manifestations, and cuisines from several countries across Asia through live performances, food vendors, fair rides, a Ferris Wheel, and more.
A staple in Markham, Pacific Mall is the largest indoor Asian shopping mall in North America. The commercial centre offers over 500 stores selling all types of goods, from electronics to traditional Chinese clothing and herbal medicine. There’s also a Heritage Town in the mall and a food court and market considered a top tourist destination in the city. Pacific Mall also operates a condo corporation.
Angus Glen Golf Club
Angus Glen Golf Club is one of the top public golf clubs in the Markham area. It was the host venue for the 2015 PanAm games and home to the 2002 and 2007 Canadian Open. If you want to play in a gorgeous environment with top-notch service, be sure to make a reservation here! Tee time can be booked in any of the two 18-hole championship courses.
Pomona Mills Park
This well-kept, massive park comprises nice hiking and cycling trails on both sides of the Don River, a playground, soccer fields, tennis courts, and plenty of parking spaces at the east end of the park. Filled with flowers during Springtime and colour-changing leaves in the Fall, this is the spot for exercising, walking the dog or simply having a relaxing stroll while communing with nature.
Markham Museum’s exhibits, events, and public programs showcase the past and present of the community. History buffs can go on a self-guided tour of the museum’s 25-acre outdoor and indoor grounds, including an apple orchard and a historic building surrounded by gardens. There are exhibitions regarding food production, metalworking, ceramics, textiles, transportation means, and more.
Reesor’s Farm Market
This farm is one of the best places to get locally-grown produce and tasty, freshly prepared meals and baked goods in Markham, such as mouthwatering pies, muffins, and bread. Reesor’s Farm Market hosts several “pick-your-own” events seasonally, including their famous sunflower & pumpkin patch and a corn maze in the Fall.